[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion]Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao
The renovation and upgrading project of Qingquan Parking Area on Gansu G30 Lianhuo Expressway is accelerating construction and is scheduled to be put into operation in the second half of 2027. The project is based on the Silk Road corridor in the Hexi Corridor, creating a near zero carbon dual sided comprehensive service area, laying out wind and solar energy storage and charging facilities, promoting the integration of transportation and tourism, and setting a new benchmark for the construction of high-speed service areas in Gansu. Editor/Min Jing
AIKO Solar has signed a contract with African renewable energy company Infinity Power to supply 773.5MW high-efficiency ABC modules for three utility photovoltaic projects in South Africa. The total amount of cooperation between the two parties in Africa has exceeded 2GW. After the project is put into operation, it will generate 1871GWh of electricity annually, which can meet the electricity needs of 456000 households and reduce carbon emissions by about 1.7 million tons annually. Editor/Min Jing